The New York Times

House Passes Tax Bill in Major Step Toward Overhaul

The House passed a sweeping rewrite of the tax code on Thursday by 227-205, taking a significant leap forward as Republicans seek to enact $1.5 trillion in tax cuts for businesses and individuals and deliver the first major legislative achievement of President Trump’s tenure. Attention now turns to the Senate, which was grappling on Thursday with another setback after a congressional analysis found that their revised tax bill would actually raise taxes on lower-income Americans within a few years.